Section 35
Hero Group
Started as: Bicycle parts, then Hero Cycles in Ludhiana
- founded
- 1956
- founder
- Brijmohan Lall Munjal and his brothers
- headquarters
- New Delhi and Ludhiana
- 46,830
- Hero MotoCorp revenue from operations, FY26 (₹ crore) · 2026
- 64.69
- Hero MotoCorp motorcycles and scooters sold, FY26 (lakh units) · 2026
- 5,268
- Hero MotoCorp profit after tax, FY26 (₹ crore) · 2026
- 25
- Consecutive years of industry leadership, as stated by Hero MotoCorp · 2026
The story
The Munjal brothers came to Ludhiana after Partition and started with bicycle parts. In 1956 they began Hero Cycles, building a wide network of small suppliers and dealers around it.
In 1984 they joined Honda to make motorcycles. The fuel-efficient Hero Honda bikes sold in huge numbers. When Honda left in 2011, the company became Hero MotoCorp and kept its lead.
The family later separated the businesses among its branches. Hero MotoCorp sold 64.69 lakh motorcycles and scooters in FY26 and earned record revenue of ₹46,830 crore.
Where it works today
Motorcycles and scootersBicyclesAuto componentsFinanceRenewable energyEducation
Main companies
Hero MotoCorp · Hero Cycles · Hero FinCorp · Hero Future Energies · Hero Electric
Timeline
- 1956The Munjal brothers start Hero Cycles in Ludhiana.
- 1984Hero Honda is formed as a joint venture with Honda of Japan.
- 1985The first Hero Honda motorcycle, the CD 100, is launched.
- 2011Honda exits the venture; the company is renamed Hero MotoCorp.
- 2022Hero MotoCorp launches the Vida electric scooter brand.
- 2026Hero MotoCorp reports record revenue and profit in its 25th straight year of industry leadership.